Nifty Technical Analysis for 5th March 2024

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Hope that, the information & levels providing here are useful to all of you☺

Nifty 50 Index again made new ATH

Done weekly detailed analysis in previous post..

Daily TF

*** indecisive candlestick
*** momentum upside
*** price exactly closed on 22400
*** resistance 22655 & support 22237

Intraday

*** price is above 50 ma.. And below all other ma
*** indecision candlestick
*** momentum flat to downward
*** bearish diversion
*** price is consolidated between 22440 :: 22350 any break out can decide further move
*** immediate resistance 22420 & immediate support 22380 (pivot)

Levels for tomorrow
Upside - 22417 : 22450 : 22490 : 22505 : 22550
Downside - 22370 : 22312 : 22285 : 22240 : 22205 : 22120

All information & levels given are for educational purpose.

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